A simplified Space Vector Pulse Width Modulation (SVPWM) is proposed for three-level five-phase inverter. The proposed method generates the duty cycle of three-level inverter switches based on dwell times of two-level inverter and carrier index. The proposed method automatically determines the eligible vectors, region and switching sequence of optimized five vectors based on modulation index. Out of the 243 available vectors, 113 most eligible vectors are used for generation of desired voltage reference in main subspace while zeroing the average voltage in the auxiliary subspace by using proper switching sequence. This method also uses the redundant vectors in each sub-cycle thus balances the DC-link capacitor voltages and no additional algorithm or techniques are needed to balance DC-link capacitor voltage. The identification of reference location with carrier index using signum function simplifies the algorithm implementation. Thus the proposed method eases the implementation of optimum five vectors to a greater extent. Based on only changing the carrier index the proposed method can be easily extended for any multi-phase multi-level (5, 7 ...n) inverter. The simulation and hardware results of three-level fivephase inverter validate the proposed simplified method.